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Tag Archives: FBR

NAB, FIA must take action against Maersk, QICT to recover billions of rupees ST: Advocate Ijaz Ahmed

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FAISALABAD: National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) must take action against M/s Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) for recovering alleged billions of rupees evaded in wake of sales taxes to protect the national economy. It was stated by Faisalabad Tax Bar Association Member Choudhary Ijaz Ahmed advocate while talking to Customs Today ... Read More »

‘Govt should stop blackmailing of Maersk, QICT to facilitate genuine importers’

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MULTAN: The government should regulate all shipping companies to stop them from demanding illegal demurrage and detention charges from importers on clearance of shipments. Blackmailing of shipping companies especially M/s Maersk Pakistan (Pvt) Ltd and M/s Qasim International Container terminal (QICT) is portraying negative image of the country. It was stated by Chairman All Pakistan Power Looms Association (APPLA) Abdul Khaliq Qandeel Ansari ... Read More »

Adjudication seeks Customs Pole Funds from FBR for smooth functioning: Shahnaz Maqbool

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ISLAMABAD: Collector Adjudication Shahnaz Maqbool has said that she has asked Federal Board of Revenue (FBR) to release Customs Pole Funds (CPF) because Adjudication department had insufficient funds to run the Collectorate. She was addressing a farewell party in honor of two retired inspectors Muhammad Saleem and Muhammad Azhar. Talking on the occasion the Collector appreciated services of both of ... Read More »

FBR strongly refutes news about deduction of 0.6% tax on banking transactions above Rs 25,000

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ISLAMABAD: The Federal Government has not revised rates or limits for tax on cash withdrawal from bank accounts under section 231A and on issuance of cash denominated bank instruments such as pay orders and demand drafts under section 231AA of Income Tax Ordinance 2001. The FBR spokesperson has strongly refuted such news appearing on some sections of media. According to ... Read More »

FBR transfers 9 Principal Appraisers, 49 Appraising Officers

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ISLAMABAD: Federal Board of Revenue has transferred/posted 58 Customs officials including 9 Principal Appraisers and 49 Appraising Officers with immediate effect and until further orders. Principal Appraisers who are transferred include: Muhammad Ibrahim Khan, Asad Aleem, Ashfaq Ahmad Khan, Ali Ahmad Talpur, Nasrullah Jamali, Nadeem Hussain Bhutto, Shafiuallah, Asad Masood and Abdul Qayoom. Read More »

Govt should take action against Maersk, QICT for charging illegal demurrage & detention charges: Nasir Hameed

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LAHORE: PIAF Vice Chairman Nasir Hameed Khan said shipping lines and terminal operator including M/s Maersk Pakistan (Pvt) Ltd and M/s QICT  are taking illegal demurrage and detention charges from genuine importers, violating the set Customs rules and laws While talking to Customs Today, he said that the Govt, Shipping Ministry and Customs Department are not properly regulating these shipping ... Read More »

Illegal demurrage & detention charges by Maerks creating hurdles for importers: Faheem Saigal

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LAHORE: The illegal demurrage and detention charges by the shipping lines including M/s Maersk Pakistan (Pvt) Ltd and terminal operator QICT have added to the per unit cost as they have no set criterion and worst is that the customs department and the government are never interested in regulating the shipping lines. This was stated by Lahore Chamber of Commerce and ... Read More »

FBR, SBP start online collection of taxes through One-Link facility

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ISLAMABAD: The government is introducing policies to ease methods of revenue collection such as digitization of tax collection in Pakistan. In this regard, State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) have jointly introduced the online collection of government taxes through One-Link facility. The aim is to improve payment system particularly from the perspective of revenue collection ... Read More »

FBR transfers 43 BS-20, one Grade-19 officials of Pakistan Customs Service

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ISLAMABAD: The Federal Board of Revenue issued notification for transfers and posting of 44 officials of (BS-19-20) with immediate effect and until further orders:- Transferred officials of Grade-20 include Muhammad Iqbal Bhawana, Faiz Ahmad, Fareed Iqbal Qureshi, Ahmed Reza Khan, Wajid Ali, Shahnaz Maqbool, Ahmad Rauf, Seema Raza Bokhari, Asif Saeed Khan, M. Saeed Khan, Ashhad Jawwad, M Adnan Akram, ... Read More »

FBR promotes 8 Grade-20, 14 Grade-19 officials of Pakistan Customs Service

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ISLAMABAD: Federal Board of Revenue has promoted eight Grade-20 officials of Pakistan Customs Service to Grade-21 and 14 officials of Grade-19 to Grade-20 today. According to the notification, Grade-20 officials who are promoted include: 1-Syed Tanveed Ahmad 2. Arslan Subuctageen 3. Agha Shahid Majeed Khan 4. Mukarram Jah Ansari 5. Qurban Ali Khan 6. Asif Mahmood Jah 7. Abdul Basit ... Read More »

Govt lifts ban on purchase of vehicles up to 1300cc for non-filers

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ISLAMABAD:Government on Wednesday lifted ban on purchase of vehicles for non-filers for locally manufactured cars up to 1300CC capacity. The announcement was made by the Finance Minister Asad Umer, while presenting the Economic Reforms Package in the National Assembly here. He said that currently the non-filers had no facility to purchase a car, adding that under the new reforms package, ... Read More »

FBR transfers 57 officials of Inland Revenue Service

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ISLAMABAD: Federal Board of Revenue (FBR) has transferred 57 officials of Inland Revenue Service including 20 officials of Grade-19, 20 officials of Grade-18, 15 officials of Grade-17 and 2 officials of Grade-16. Following officials are transferred:     Read More »

Chief Secretary orders SRB to probe Maersk Pakistan’s mega sales tax scam within 15 days

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KARACHI: Customs Today unearthed mega sales tax scam of Maersk Pakistan (Pvt) Ltd where the company in connivance with its agents, audit firms and some officials of Sindh Revenue Board evaded billions of rupees sales tax in terms of services provided to its local clients. After extensive coverage of the issue by Customs Today, the Sindh Chief Secretary through diary ... Read More »

Customs Today reports set off alarm bells at PM Office, Hammad Azhar takes notice of green channel mega scam

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ISLAMABAD: State Minister for Revenue Hammad Azhar, taking notice of the sheer misuse of Customs green channel facility extensively reported by Customs Today, has directed FBR Chairman Jahanzeb Khan to probe the issue and report back to him. According to details, Hammad Azhar asked the FBR to give him comprehensive presentation on working of Green Channel at Karachi ports and ... Read More »

SC should constitute high-level JIT similar to Panama case to probe Maersk sales tax evasion: Imran Ghazi

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MULTAN: The Supreme Court of Pakistan should constitute a high level Joint Investigation Team (JIT) similar to Panama case for probing mega sales tax fraud of M/s Maersk Pakistan (Pvt) Ltd. Pakistan’s biggest ever fraud of sales tax revealed by Customs Today against M/s Maersk Pakistan (Pvt) Ltd should be investigated appropriately for recovery of robbed amount. It was stated ... Read More »

Sales tax mega scandal: SRB Commissioner vows stern action against Maersk Line

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KARACHI: Commissioner Operations Sindh Revenue Board (SRB) Mohammad Amir said that stern action would be taken against M/s Maersk Pakistan (Pvt) Ltd after completion of audit by the Board as it is found that the company ‘evaded’ sales tax on services worth billions of rupees. Talking exclusively with Customs Today, Amir said that the Board will definitely issue a show ... Read More »

MUJ expresses deep concerns over threats being hurled to journalists for highlighting Maersk mega scam

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MULTAN: Multan Union of Journalist (MUJ) expressed deep concerns over threats being hurled to journalists and media houses for highlighting alleged mega scam by Maersk Line for charging exorbitant demurrage and detention charges from importers on clearance of their shipments. This was stated by President Multan Union of Journalist Abdul Rauf Maan in an exclusive interview with Customs Today the other day. He told ... Read More »

Maersk ban, Member Customs takes notice of blackmailing by shipping lines

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ISLAMABAD: Amid reports of ban on Maersk shipping line as Model Customs Collectorate of Preventive, Karachi issued a notice to M/s Maersk Pakistan (Pvt) Ltd and started the process to cancel license of the company for sheer violation of the Customs Act 1969 and SRO 1220(I)/2015, Member Customs Federal Board of Revenue (FBR) Muhammad Zahid Khohar has also taken up ... Read More »

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

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KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

FBR collects record high of Rs836b despite PTI Govt’s relief measures

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ISLAMABAD: Federal Board of Revenue during first quarter of the current financial year recorded a provisional net revenue collection of over Rs. 836 billion as against Rs. 766 billion collected during the same period of the previous fiscal year, including collection on account of book adjustments. The assigned revised revenue target for the first quarter is Rs 851 billion. The ... Read More »